With seven scheduled days left in the present legislativesession, an amendment aimed at simplifying the assignment processin Georgia’s gas deregulation law is steam-rolling its way throughthe legislature. House Bill 822 passed through the state House ofRepresentatives with a 164-0 vote on Tuesday, and after a briefstay in the hands of the Senate Finance Committee, it is on its wayto the Senate floor for approval.
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Alliance Breaks Ground, Begins Construction
Moving one step closer to bringing 1.325 Bcf/d of gas fromWestern Canada to Chicago, Alliance Pipeline last week announcedthe start of construction with the clearing of 410 miles offorested rights-of-way for mainlines and laterals in northwesternAlberta and northeastern British Columbia. The entire system isexpected to be completed and in service by October, 2000. Alliancesaid it already has commitments from 37 shippers for 15-yearcontracts worth a total of $8.2 billion. Agreements have beenreached with 93% of landowners along its 2,320-mile route acrossCanada and the United States, while time to complete the NEBproceedings has been built into the construction schedule.
Construction Begins on Alliance Pipeline
Moving one step closer to bringing 1.325 Bcf/d of gas fromWestern Canada to Chicago, Alliance Pipeline announced the start ofconstruction with the clearing of 410 miles of forestedrights-of-way for mainlines and laterals in northwestern Albertaand northeastern British Columbia. The entire system is expected tobe completed and in service by October, 2000. Alliance said italready has commitments from 37 shippers for 15-year contractsworth a total of $8.2 billion.
PG&E Executive: CA Progress Not Bad At All
Those bemoaning the lack of a competitive market for electricityin California should look on the bright side. Things are movingalong, and the process is not finished, said Daniel D. Richard Jr.,senior vice president government and regulatory relations forPacific Gas and Electric.
TX Merchant Power Moving Ahead
Calpine Corp. has raised $265 million to complete constructionof a 510 MW expansion of its Pasadena, TX, power plant. Calpine,based in San Jose, CA, and the largest independent power producerin Texas, broke ground on the Pasadena plant expansion in November.The company expects to begin electricity production in June 2000 tohelp meet peak summer demand. The Pasadena plant currentlygenerates up to 240 MW of capacity. With the expansion, it willgenerate enough electricity to power 750,000 households.
Aftermarket Slightly Lower But Firmer Than Expected
Although generally moving a little bit below index levels, theinitial February aftermarket proved stronger Monday than manytraders were expecting. Several points managed to stay flat toindex. Considering how little weather demand there was in majormarket areas and the difficulty some suppliers reported inscrounging up buyers, it was surprising how little price erosionthere was, a Texas marketer said.
NE Hub Partners’ Tioga Storage Project Moving Ahea
Market Hub Partners LP (MHP) subsidiary NE Hub Partners LP hasreached an agreement with CNG Transmission and North Penn Gas onthe development of NE Hub’s 5-6 Bcf Tioga Gas Storage Project innorth central Pennsylvania
NE Hub Partners’ Tioga Storage Project Moving Ahead
Market Hub Partners LP (MHP) subsidiary NE Hub Partners LP has reached an agreement with CNG Transmission and North Penn Gas on the development of NE Hub’s 5-6 Bcf Tioga Gas Storage Project in north central Pennsylvania.
Dynegy NC Power Plant on Track for 2000
Dynegy is moving forward with final permitting and constructionof its 800 MW generating facility in Rockingham County, NC.Construction will begin upon receipt of final environmental permitsand the plant will be in service in June of 2000.
British Columbia Gearing Up for Faster Development
Moving right along on the road to increased Canadian productionand exports, the provincial government in British Columbia hastaken the first step toward removing regulatory roadblocks bycreating a single agency to deal with the oil and gas industry andlocating it in producer territory. The B.C. government alsoanounced it has made peace with native communities on behalf of theindustry.